Posted on 04/06/2025 5:58:27 AM PDT by RandFan
Peter Schiff is a financial commentator & CEO of Euro Pacific Asset Management
[30 mins podcast]
(Excerpt) Read more at youtube.com ...
“CEO of Euro Pacific Asset Management”
Yeah, I can see where he is coming from! He doesn’t care about jobs in the USA. Only his personal wealth.
We’ve tried “Free Trade” for 60 years. Americans have gotten cheaper T-shirts. Shoes made by slave labor for Nike. Jobs fled overseas. “Free Trade” has been a massive failure - in part because only the USA has been willing to try it!
Like communism: When something has failed after 50-80 years of trying it, it needs to be rejected.
We’ll have to see as this hasn’t really been tried before.
The tariffs alone might not affect the change intended as much as the sentiment behind it. I think Trump has to resurrect the MADE IN AMERICA campaign of the 80’s. If people start purposefully purchasing American goods, then domestic production will feel valid and businesses will return.
If Vietnam and America both agree to just eliminate tariffs, then production will just stay in Vietnam.
“are really going to open new factories in the United States as an end run around tariffs considering the costs involved and the labor?”
Interestingly, that wasn’t a big problem when the removing the factories from America over to the pacific rim, Pakistan and India. The US government even literally subsidized companies moving factories out of the country. Maybe those same subsidies can be used to bring companies back. Free traitors love their cheap labor and the race to the bottom. And they don’t care about America, just the stock market.
The founders of our nation but tariffs were awesome and used them for the next 140 years or so to fund the government.
“Many of you claim companies like Nike (Peter uses this example) are really going to open new factories in the United States as an end run around tariffs considering the costs involved and the labor?
LMAO. Whatever.
Flame me. I dont care. A lot of what I see in the tariff threads are just mistaken beliefs. It’s potentially a disaster.”
Ironic in a way. Take a few minutes and learn how Nike started and where. Then learn why a running shoe company named itself ‘Nike’. Hint: it’s Greek, and from a battle that ensured the States continued, about 27 miles from Athens. Take some time, it’s really a great story.
We can either be free, and produce and make goods, or we can be dependent of a communist dictatorships here and abroad. We the people have to make a hard choice. We may need a new production revolution, innovation.
LMAO, it’s time for the US to put up, or end up being the next France.
“CEO of Euro Pacific Asset Management”
Mark twain called this a corn pone opinion. Show me where a man gets his corn pone, and I’ll show you where he gets his opinion.
143K illustrates an aproximate 50/50 split, which is my impression about what happens. Half the cost, not the full cost of the tariffs is passed on to the consumer.
And of course the consumer's leverage in all of this is that they can -- buy American!
We have been in an economic collapse since January 20, 2021.
Shark Tank Kevin OLeary sees it MUCH DIFFERENTLY.
An article on another thread says Gen-Z is now being called the 'Toolbelt Generation' because more and more of them are choosing to learn a trade, instead of going to college. If true, then new businesses should find plenty of workers here.
No, and that's not the point. That's the fallacy that globalists project as the false goal.
What will happen is that Vietnam will lower their tariffs and then companies in the United States with production already in place, will be able to sell more of their products in Vietnam.
If tariffs are so bad for the country that charges them, why have these countries had them against the United States for decades? without a peep from anyone in the Uniparty?
My bride and I don't need a "financial commentator & CEO of Euro Pacific Asset Management" to forecast the future while selling his product as identified by the name of the company.
We've houses and assets enough for us, no debt and liquidity which will not go the the Euro Pacific. So many salesmen, and the product he makes is the same product made by those who see things in a different light. Words. Words. Words.
Our little watchword is "climate change." Everything about it is 1) send money ( remember Solyndra? ) , and 2) oops, we were wrong but send money anyway.
“I do but this tariffing sucks”
Maybe you can be the person who can explain why foreign nations tariffing us has no economic impact, but when Trump mirrors their tariffs, it is a castastrophe.
Please inform us.
And as for Schiff, we are headed for a collapse if we continue down the same road. I have lost respect for him.
Really? Why? Point to anything besides market correction. Everyone knows the market was/is massively overvalued on free money from profligate spending. All these people with their hair on fire are prognosticating. Rather than pointing to actual fallout they yell Smoot Hawley & Great Depression betraying that they do not even understand what they are talking about. That compared to what Trump is doing are not comparable. But Trump (& America First ) haters love to try to scare that they are.
As always, why not give it a chance? Could we really be any more F@$¥#% than what the Democrats are pedal to the metal doing to our country? Is it really any worse than the do nothing RINO approach which is cruise control to the same place the Dems want to take us? Wake up! Both parties would happily take us to the same place. Trumps plan may fail but we will hardly be in a worse position and his plan is optimistically aiming for greatness. Why would anyone be against that?
Schiff has called for economic collapse for decades, no?
It is how he sells stuff.
Robots make cheap labor overseas irrelevant here.
But the costs are high you know this unless many rules/regulations on a federal and state level are removed en masse & possibly huge tax breaks and incentives
I cannot see it and if it happens it will take a long time which we don’t have
Peter is very bearish in the video and a lot of people listen to him
Was he wrong?
Gold is over 3k
Yes, he was massively wrong for decades.
Still no economic collapse.
Gold rises with world tensions.
He can’t give you a precise time and date
Don't think most people are aware of just how high the markups are on a lot of Chinese and Asian imports. A little price pressure will do some good for the US.
over half of the tariff costs on their end with the retail import side eating another large part on their end so the customer only sees a far smaller increase in their purchase price.
For decades cheap , mostly Asian imports have put a ceiling on price in price hikes by American manufactuer who have had to get lean and efficient to compete.
Now Trump has flipped the script and these same American producers are able to put a price ceiling on how much the importers can raise their prices to pass on the cost of tariffs.
Sucks to be them just now , but they have made it suck even worse to be an American manufacturer for going on thirty years so my well of sympathy is kind of dry at the moment.
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